SBI NRE/NRO, Senior Citizen, Domestic Term Deposit Rates – June 2012

India’s largest bank State Bank of India (SBI) has reduced its NRE/NRO, Senior Citizen, Domestic Term Deposit Rates by 0.25% for certain tenures from June 08, 2012.

  • SBI will offer 7% for fixed deposits up to six months as against 7.25%.
  • On seven-to-eight month deposits, rates have been reduced to 7.25% from 7.5%.
  • Long-term rates have been left unchanged.

Below are the revised rates.

SBI Fixed Deposit june 2012

Premature withdrawal of SBI Term Deposits:

  • Domestic Term and NRO Deposits should remain for a minimum period of 7 days and NRE Deposits should remain for a minimum period of 1 year in order to earn interest.
  • No penalty for premature withdrawal upto 180 days and 0.5% for other maturities.

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